US Consumer Sentiment to Continue to Show Confidence in Economy

May 8, 2015 Share Print 0

The paradox of the American consumer will continue as the University of Michigan Consumer Sentiment is expected to gain yet again. The disconnect between how good does the average consumer feel versus the amount of money they spend measured by retail sales to be reported two days earlier will continue to grow. The UoM survey is expected at 96.5, an improvement over last months 95.9. This is the preliminary version of the survey to be further revised 14 days later. The data will be released on Friday, May 15 at 10:00 am EST.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Bio
Twitter
Google+
Latest Posts

Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.